Australian news, and some related international items

Australia’s Energy Minster Angus Taylor ready to subsidise new coal projects

Angus Taylor prepares to underwrite coal-fired power  By Phillip Coorey, Fin Rev, 01 Feb 2019 Energy Minster Angus Taylor has all but confirmed the Morrison government is prepared to underwrite new coal-fired power stations, at the same time moderate Liberal MPs are urging the government to adopt a policy on climate change.Mr Taylor released a list 66 potential power generation projects seeking taxpayer support after the government called for expressions of interests to provide “reliable” or “fair dinkum” power.

Of the projects submitted, 10 rely on coal…….

The coal proponents are looking for an indemnity against future climate policy or a guarantee from the government it will act as a buyer of last resort.

Labor opposes coal having any part in Australia’s future energy mix and is focused on renewable energy with back-up capacity.


February 2, 2019 - Posted by | AUSTRALIA - NATIONAL, climate change - global warming, politics

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